319 N Patton StFlorenceAL35630
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Florence at 319 N Patton St, Florence, AL, 35630 priced at $754,000 pairs $900/mo rent with after a $3,690/mo payment. Total monthly income equals $900/mo. Return on cash invested is 3.83% in year one, and rental yield stands at 1.43% on a $754,000 basis. Equity gained on principal adds $4,865/yr, and 5% annual appreciation accumulates to $208,316 by year five. Five-year ROI measures 15.86% and total cumulative return in cash reaches $39,337. For financing, Ziffy Mortgage’s DSCR program evaluates $900/mo property income against a $3,690/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35630, Florence, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,154 (100%) |
| Owner Occupied HU | 6,455 (37.6%) |
| Renter Occupied HU | 8,765 (51.1%) |
| Vacant Housing Units | 1,934 (11.3%) |
| Median Home Value | $192,213 |
| Average Home Value | $243,941 |
Housing Distribution
Address Breakdown
Residential
15,486
Single Family
13,092
Multi-Family
2,394
Businesses
1,907
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